Nokia likely to cut 10,000-15,000 jobs globally

Telecom network equipment maker Nokia is likely to cut 10,000 to 15,000 jobs globally as part of a cost-cutting programme following its acquisition of Franco-American rival Alcatel-Lucent, a Finnish union representative said.

Nokia kicked off the programme in April with a target to slash 900 million euros ($1 billion) of operating costs by 2018, but it has yet to give a figure for how many jobs will be reduced in total.